Trump said Filipino goods would face a 19% tariff rate while the Philippines will open its market to US autos, soy, wheat products and medicines

The move comes at a time when the Asian superpowers are being rocked by a trade war instigated by the Trump Administration. Delhi is also upset at Trump's dealings with Pakistan's army chief.

Japan's auto sector, which accounts for over a quarter of its US exports, will see tariffs cut to 15% in exchange for a $550-billion package of investment in the US

China's top leaders could move this month to try to reduce the country's wasteful excess production in key sectors, but the hard decisions may have to be made by local officials

Ishiba said he "solemnly" accepted the "harsh result", but pledged to manage "critical tariff negotiations with the United States."

China launches a series of giant controversial dams on a river in Tibet, a $170-billion project long opposed by Bangladesh and India

The think tank, NITI Aayog, has proposed that Chinese companies be allowed to take a stake of up to 24% in an Indian company without any approval being required, sources say

The lopsided nature of growth in the world's second-largest economy is a product of policies that favour exporters over consumers

Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block the proposed sale of the ports, WSJ report says

Ministers have vowed to promote high-quality development of the EV sector and comprehensive measures to cool the industry's "irrational competition"

Indonesia has had to open its market to US products and firms, and pay a hefty price, while its exporters still face a 19% tariff on any goods sent to the US.

China's insistence that it must continue building coal power plants at record pace is seen as a key reason why Asia is warming nearly twice as fast as the global average